Earnings Alerts

Postal Savings Bank of China C (1658) Earnings: Net Income Soars to 48.82 Billion Yuan in 1H

  • PSBC’s net income for the first half of 2024 is 48.82 billion yuan.
  • Net interest income stands at 142.88 billion yuan.
  • The non-performing loans ratio is 0.84%.
  • PSBC’s Tier 1 ratio is 11.6%.
  • Analyst ratings: 17 buys, 5 holds, and 0 sells.

A look at Postal Savings Bank of China C Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth4
Resilience5
Momentum5
OVERALL SMART SCORE4.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Postal Savings Bank of China C is looking strong for the long term, with impressive ratings across key factors. The company’s high scores in Value, Dividend, Resilience, and Momentum indicate a positive outlook. With a strong focus on providing banking services, including deposits, loans, fund settlement, and more, Postal Savings Bank of China serves a wide range of clients, from individuals to enterprises. This diversification in clientele suggests stability and resilience in the face of market fluctuations.

Investors looking for a well-rounded choice in the banking sector may find Postal Savings Bank of China C appealing. Its solid ratings in Value, Dividend, Growth, Resilience, and Momentum bode well for its future performance. With a commitment to providing essential banking services to various client segments, Postal Savings Bank of China seems well-positioned to navigate the challenges of the financial landscape. Overall, the company’s strong performance across multiple categories hints at a promising long-term outlook.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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